Real Estate News

The Minister of Aviation, Senator Hadi Sirika, has said the Federal Government can no longer sustain the funding of the 22 airports across the country thus they will be concessioned. The minister said the concession would start with the big four airports – Abuja, Lagos, Kano and Port Harcourt as government revenue dwindles. The minister stated this yesterday shortly after ...

The Lagos State Public Works Corporation has commenced the construction of a major collector drain at Magodo-Shangisha to avert flooding in the area. The Chief Executive Officer, LSPWC, Mr. Ayotunde Sodeinde, said work was currently ongoing on the long stretch of the Magodo-Shagisha canal embedded in a gorge in order to ease the flow of rainwater and domestic discharge from ...

Oluwafemi Taiwo is an Internet executive, long-time entrepreneur & strategic advisor. He is the Co-Founder and Managing Director of PrivateProperty.com.ng – Nigeria’s number 1 Real Estate portal.  In this interview with Elsie Godwin of Nigeria Real Estate Hub (NREH), he reveals that selling properties online hasn’t become the magic pill for real estate marketers yet but that there has been tremendous growth ...

Minister of Power, Works and Housing, Babatunde Fashola, SAN, has advocated for a synergy between the Public and Private Sectors in the country, describing such partnership as imperative in addressing the nation’s housing deficit. While speaking on the theme, “Expanding Access to Affordable Housing,” to a gathering of professional builders, investors and other stakeholders in in the Built Industry on ...

Lagos State government placing undue bottlenecks in securing Land titles and documentations have been identified as a major clog in the wheel of the state’s effort at ensuring affordable and habitable housing for her teeming population. Lagos State boasts of two million housing units deficit and will need at least, 187,500 new homes over the next five years to meet ...

Stakeholders in the building and construction sector are calling for more investment in housing development from the growing pension fund. The Chairman, Association of Estate Agents in Nigeria, Mr. Chudi Ubosi, said at a Mandatory Continuous Professional Development Programme of the Nigerian Institution of Estate Surveyors and Valuers, Lagos State Branch, that it had become clear that there was a ...

A newly released biannual Global Real Estate Transparency Index (GRETI) 2016 by property consultancy firm Jones Lang LaSalle (JLL), Nigeria ranks 83rd out of 109 markets covered. Nigeria’s real estate transparency score was 3.8 in 2016, a marked improvement in transparency. The scores in the Index range between one and five, with one representing the highest level of transparency and ...

A senior official of the National Pension Commission has urged stakeholders in pension administration to utilise the provisions of the Pension Reform Act for more infrastructure and real estate development in the country. The Director-General of the National Pension Commission, (PENCOM), Mrs. Chinelo Anohu-Amazu, made the disclosure while presenting a paper titled: An Overview of the Pension Reform Act 2014 ...

Stakeholders have called on the government to revisit home completion loan scheme. The scheme supports the new paradigm for unlocking housing microfinance and leverages on incremental development that most Nigerians use in acquiring new homes as well as renovate and upgrades existing structures. The scheme is expected to catalyze the demand side of the equation. Stakeholders that attended the 10th ...

Six governors and companies bagged various awards at the Abuja Housing Show awards held at International Conference Centre for pursuing mass housing policies and bringing innovations in the construction sector. The governors are Umar Ganduje (Kano), Simon Lalong (Plateau), Mohammed Badaru Abubakar (Jigawa), Ifeanyi Okowa (Delta) and Ifeanyi Ugwuanyi (Enugu). In the company category, Solignum won the Wood Preservative Product ...